AuthID Correlations

AUID Stock

USD 5.45 0.44 8.78%

The current 90-days correlation between authID Inc and Hub Cyber Security is 0.19 (i.e., Average diversification). The correlation of AuthID is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

AuthID Correlation With Market

Modest diversification

The correlation between authID Inc and DJI is 0.22 (i.e., Modest diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding authID Inc and DJI in the same portfolio, assuming nothing else is changed.

Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in authID Inc. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

Moving together with AuthID Stock

0.87	S	SentinelOne	Pair Corr
0.62	VERI	Veritone Tech Boost	Pair Corr
0.65	VRNT	Verint Systems Earnings Call This Week	Pair Corr
0.76	FIVN	Five9 Inc	Pair Corr
0.8	FLYW	Flywire Corp	Pair Corr
0.89	DBX	Dropbox	Pair Corr
0.71	DLO	Dlocal	Pair Corr
0.67	IOT	Samsara	Pair Corr
0.63	MDB	MongoDB	Pair Corr
0.73	RPD	Rapid7 Inc	Pair Corr

Moving against AuthID Stock

0.61	EVTC	Evertec	Pair Corr
0.49	GB	Global Blue Group	Pair Corr
0.48	VRSN	VeriSign	Pair Corr
0.47	MQ	Marqeta Tech Boost	Pair Corr
0.67	TCX	Tucows Inc	Pair Corr
0.61	ZUO	Zuora Inc	Pair Corr
0.54	XNET	Xunlei Ltd Adr Upward Rally	Pair Corr
0.51	GRRR	Gorilla Technology	Pair Corr
0.39	SWI	SolarWinds Corp	Pair Corr

Related Correlations Analysis

	DTSS	NXTP	PRTH	DROP	CISO	CETX	HUBC	ZFOX	VHC	JG
DTSS		0.0	0.58	0.19	0.37	0.13	0.06	0.0	-0.12	0.06	DTSS
NXTP	0.0		0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	NXTP
PRTH	0.58	0.0		0.34	0.37	0.21	0.47	0.0	0.07	0.13	PRTH
DROP	0.19	0.0	0.34		0.68	0.79	-0.09	0.0	-0.71	-0.6	DROP
CISO	0.37	0.0	0.37	0.68		0.54	-0.02	0.0	-0.49	-0.47	CISO
CETX	0.13	0.0	0.21	0.79	0.54		-0.08	0.0	-0.67	-0.72	CETX
HUBC	0.06	0.0	0.47	-0.09	-0.02	-0.08		0.0	0.53	0.3	HUBC
ZFOX	0.0	0.0	0.0	0.0	0.0	0.0	0.0		0.0	0.0	ZFOX
VHC	-0.12	0.0	0.07	-0.71	-0.49	-0.67	0.53	0.0		0.55	VHC
JG	0.06	0.0	0.13	-0.6	-0.47	-0.72	0.3	0.0	0.55		JG
	DTSS	NXTP	PRTH	DROP	CISO	CETX	HUBC	ZFOX	VHC	JG

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

CETX	+ 0.79	DROP
CISO	+ 0.68	DROP
PRTH	+ 0.58	DTSS
JG	+ 0.55	VHC
CETX	+ 0.54	CISO
VHC	+ 0.53	HUBC

High negative correlations

JG	- 0.72	CETX
VHC	- 0.71	DROP
VHC	- 0.67	CETX
JG	- 0.6	DROP
VHC	- 0.49	CISO
JG	- 0.47	CISO

Risk-Adjusted Indicators

There is a big difference between AuthID Stock performing well and AuthID Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze AuthID's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
DTSS	2.53	(0.05)	0.00	(0.16)	0.00	0.00	4.43	(5.19)	18.17
NXTP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
PRTH	4.18	(0.08)	0.00	(0.35)	0.00	0.00	7.33	(11.78)	33.24
DROP	6.55	(0.06)	0.00	(0.14)	0.00	0.00	12.50	(20.00)	60.76
CISO	5.86	(0.62)	0.00	4.26	0.00	0.00	10.16	(14.29)	73.53
CETX	3.42	(0.86)	0.00	(2.94)	0.00	0.00	7.82	(7.67)	24.65
HUBC	10.62	1.54	0.11	0.53	11.03	(13.82)	23.46	(15.00)	105.60
ZFOX	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
VHC	4.24	1.17	0.32	(3.51)	3.00	(5.35)	8.88	(6.44)	77.83
JG	8.69	1.85	0.25	1.27	6.91	(14.09)	18.38	(9.95)	167.07

AuthID Corporate Management

Edward Sellitto	Chief Officer	Profile
Steven Fazio	Sr Devel	Profile
Grace Fries	VP Relations	Profile
Christopher White	Senior Engineering	Profile
Greg Manship	Senior Sales	Profile
Thomas Thimot	CEO Director	Profile

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